least 300 words

https://www.richmond.com/news/local/education/state-says-teachers-at-carver-elementary-cheated-on-sols/article_e9900de8-79e7-58e2-9f0e-146538cddc6b.html 

 Thread Prompt: In this module/week’s forum, you must read the article above and provide a summary of the article  in the opening paragraph. In your second paragraph, you must explain an economic idea contained in this story. This should relate to something from the text book reading.  Specifically, note how the economic idea plays a prominent role in the story. In the third paragraph, you must explain what you think about the events in the story. You do not have to agree with what is going on, but you do need to provide your reaction to it. This is your chance to express yourself: what are your opinions? Be sure to defend your position.  Finally, what do you think is a Christian response to this situation?  Provide details to support your view (in other words, do not just say “Christians wouldn’t act the same way as economists”).  Remember, you are expected to have two sources to support your post.   

 

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Lease Versus purchase

p5. Wooster Corporation can either lease or buy a small garage next to its business that will provide parking for its customers. The company can lease the building for a period of 12 years, which approximates the useful life of the facility and thus qualifies as a capital lease. The terms of the lease are payments of $24,000 per year for 12 years. Wooster currently is able to borrow money at a long-term interest rate of 9 percent. The company can purchase the building by signing an $160,000 long-term mortgage with monthly payments of $2,000. The mortgage also carries an interest rate of 9 percent.

ReQUIReD

1.    With regard to the lease option:

a.    Calculate the present value of the lease. (Round to the nearest dollar.)

b.    Prepare the journal entry to record the lease agreement.

c.    Prepare the journal entry to record depreciation of the building for the first year using the straight-line method.

d.   Prepare the journal entries to record the lease payments for the first two years.

2.    With regard to the purchase option:

a.    Prepare a monthly payment schedule showing the monthly payment, the inter- est for the month, the reduction in debt, and the unpaid balance for the first three months. (Round to the nearest dollar.)

b.    Prepare the journal entries to record the purchase and the first two monthly payments.

3.    Business appliCation ▶Based on your calculations, which option seems to be best? Aside from cost, name an advantage and a disadvantage of each option.

 

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Learning to ski as an adult can be a daunting task. Many ski resorts offer skiing lessons for adults with the hope of increasing attendance. Ski University would like to advertise their quality ski instructors by estimating the population mean number of lesson hours it takes for adult learn-to-ski participants to “graduate” from their program, that is, to ski comfortably on their own. A random sample of 27 recent adult learn-to-ski participants at Ski University was obtained, and each was asked to report the amount of lesson hours they took to graduate. As a result of the study, a 98% confidence interval was found to go from 2.4 lesson hours to 4.6 lesson hours.

Part 1: Provide an estimate of the population mean number of lesson hours it takes to graduate for all recent adult learn-to-ski participants at Ski University.

Part 2: Complete statement: “We estimate, the average distance of the possible _______________ (for repeated samples of the same size n) from the ___________ to be about ______ lesson hours.”

Part 3: Complete statement: “We estimate, the average distance of the possible _______________ from the ___________ to be about ______ lesson hours.”

Part 4: We need to determine if all assumptions are met. The first assumption of having a random sample of recent Ski University adult learn-to-ski participants is met. Is the following statement about the second assumption correct or incorrect?

The second assumption that is required is that we need to assume that the population mean number of lesson hours it takes recent Ski University adult learn-to ski-participants to graduate has a normal distribution.

Part 5: Is the following statement about the resulting confidence interval correct or incorrect?

“We are 100% confident that the sample mean number of lesson hours it takes recent Ski University adult learn-to-ski participants to graduate is between 2.4 lesson hours and 4.6 lesson hours.”

Part 6: Is the following statement about the meaning of the 98% confidence level correct or incorrect?

“The probability that the population mean number of lesson hours it takes recent Ski University adult learn-to-ski participants to graduate is between 2.4 lesson hours and 4.6 lesson hours is 0.98.”

Part 7: Is the following statement about the interpretation of the confidence interval correct or incorrect?

“We estimate, with 98% confidence, that the population mean number of lesson hours it takes recent Ski University adult learn-to-ski participants to graduate to be somewhere between 2.4 lesson hours and 4.6 lesson hours.”

(Would really appreciate explanations in context and steps to help me understand! Thank you!)

 

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Check the coefficients in your summary output.  What is the regression equation relating square footage to listing price?

Using the regression equation that you designated in above, what is the predicted sales price for a house of 2100 square feet? 

see attachment for excel data.

 

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